Hamburg - February 2021. Under the leadership of EurA Venture GmbH, a consulting and investment company based in Baden-Württemberg, the Hamburg-based start-up NautilusLog has closed a € 1 million seed financing round. In addition to lead investor NBank Capital, various business angels have invested in the digital logbook. Since Lower Saxony's port cities are also to benefit from this, a further branch in Lower Saxony is already being planned.
NautilusLog is a ShipTech startup that sees itself as a digital data engine in shipping.
As a pioneer, the start-up not only sets new standards in digitalization in shipping but also defines new business models via the platform.
The funds from the seed financing round will be used to expand the team and platform for further services and enable the company to serve the rapidly growing global customer demand.
The investors of this financing round underline the confidence in NautilusLog and the long-term vision to unite all maritime stakeholders as well as partners.
The NautilusLog application revolutionizes shipping by combining and making the most of data and knowledge. The app transforms previously unusable data into usable expertise, stakeholders into partners, and obstacles into opportunities for growth. New services are developed that not only digitize shipping but above all focus on automation and sustainability. Customers benefit thanks to efficient processes and lower costs, giving them the opportunity to pass on the advantages to their own customers.
In just one year, the team has additionally contracted more than 2,000 vessels. In December 2020 alone, 700 ships were brought onto the platform during the launch of a new service.
This potential was also immediately recognized by the investment company of the Lower Saxony state bank (NBank Capital) as the main investor. "Laws and regulations for shipping are becoming increasingly complex, but technical progress does not always develop in parallel. Stricter environmental conditions and international competition are creating enormous cost pressure. The market is therefore just asking for NautilusLog's digital solutions," explains Martin Ranić, investment manager at NBank Capital.
NautilusLog currently employs 14 people and will grow strongly in the future. "We are excited to grow our team in order to be able to place new services in the market faster. To this end, we will also continue to invest in marketing and sales in order to be able to serve the rapidly increasing global demand for our digital solutions," commented Otto Klemke, Co-Founder, and CEO of NautilusLog. "Through the investors, we not only gain capital but strategic support for our international growth plans."
In addition to NBank Capital as the main investor, another investment company, as well as business angels have participated, some of whom have excellent networks in the international shipping industry and have already been mentoring Mr. Klemke since 2017.
"We have been accompanying the innovative strength of NautilusLog for some time on topics such as research, development, and financing. This latest funding will enable us to drive digitalization in the shipping industry faster," Uwe Herrgott from EurA Venture GmbH is pleased to say.
This means that NautilusLog is accompanied in various networks by renowned experts, companies, and ever more interested market participants. The start-up is also contributing its innovations for shipping to a new ISO standard.
NautilusLog
Otto Klemke, CEO, ahoy@nautiluslog.com
NautilusLog GmbH, St. Annenufer 2, 20457 Hamburg, Germany.
The Hamburg-based start-up NautilusLog is revolutionizing shipping by uniting maritime market participants and creating significant added value for them. As a smart data engine, answers to current and future questions of market participants and business partners are provided. The platform and digital logbook replace paper and analog processes to transform data into added value via integrated know-how, stakeholders into partners, and obstacles into growth opportunities. For green, sustainable, and digital shipping, the start-up sets new standards and enables new digital collaborations, automation, and the efficient fulfillment of legally required requirements.
NBank Capital
Bernd Pütz, Press Officer, bernd.puetz@nbank.de
Günther-Wagner-Allee 12-16, 30177 Hanover, Germany
NBank Capital Beteiligungsgesellschaft mbH is a 100% subsidiary of NBank and your contact for investment capital in Lower Saxony. The allocation of funds from the State of Lower Saxony and the European Regional Development Fund (ERDF) through the programs NBeteiligungen and NSeed, as well as close cooperation with the partners of NBank Capital, offer an extensive range of support options.